how to start forex trading in india?

how to start forex trading in india?
Forex 

Forex is an abbreviation of FOReign EXchange. It describes the conversion of one currency into another currency, and also refers to the global financial market, where currencies are traded online around the clock. There is a misconception that to start trading Forex you need either be a millionaire or Harvard graduate. Let’s dispel it. Thousands of people buy and sell currencies without notice while professional traders consciously benefit from it. Think about when you’ve travelled abroad on holiday. To pay for local goods and services you needed to exchange your money. If while you were on holiday the unemployment rate in the US fell and the dollar increased in value by 5%, then when you exchanged your surplus foreign currency back, you’d make a 5% profit in your local currency. In this way you’ve earned on a difference of currency rates by buying and selling currencies. The same process applies even with corporations. For example, an American company needs to buy machinery in Germany. To pay for them they need to obtain the local currency first, just like you do when going on holiday. The only difference is that companies exchange much larger amounts and create supply and demand on a particular currency. Supply and demand can move market prices. When the world needs more euros, the price of the euro increases, and when there are too many dollars circulating, the price drops. To balance the market, central banks regulate the overall volume of their national currencies by adjusting the refinancing rate. That's why traders constantly monitor world news.


Meet a Forex broker( India Supports)


A broker is an intermediary between traders and other Forex market players. OctaFX broker helps people to enter the market with smaller amounts of currency. OctaFX provides its traders with the most beneficial quotes by combining price quotations from several market participants and liquidity providers. That is possible because of electronic communications network (ECN) technology. Such networks allow instant order execution, cooperation with trading platforms, automated trading processes and secure transactions. OctaFX provides you with a leverage which allows you to multiply your profit. With up-to-date trading apps you can trade online 24/5, and from anywhere you wish.

Some of Broker, You can Select:


How can you earn on Forex Trading?


If you look at the EURUSD chart, you can see that the price of the euro against the dollar is constantly changing. Economic news and market events influence the price all the time. Assume you know in advance that according to the ‘National Statistics Service report’ the unemployment rate in Europe has decreased, then the price of the euro will increase and you should buy euros. Or if you know that due to the latest records of ‘Statistics Portugal’ there is a deficit in the trade balance and that will make the value of euro fall, you should sell your euros.

How to start forex trading in india?

To trade forex in india is very simple, you need to have following things in hand to start with any forex broker:

1. Select Broker List from given list, who support local bank transfer options:-



2. Verify your account by Upload any two documents Photo ID and Address proof ( Passport, PAN Card, Aadhar Card, Electricity Bill, Bank Statements, Credit Card Statements)

3. Download MT4 or MT5 as per broker mail after sign up.

4. Fund your account (Learn How to fund from Indian account using IMPS, NEFT to MT4 Forex Trading Account)

5. Start Trading.


You can also start trading without investment by Opening Demo or Practice Accounts. I recommend you to please learn as much as possible about Forex markets before real investment. Please always use proper risk and rewards management technique.

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Global Forex Broker and Market Maker Forex Broker Broker



India and Asia Best Forex Broker

https://my.octafx.com/open-account/?refid=ib407901 (Best Broker & Favorite Forex Broker)
https://www.forextime.com/?partner_id=4926825

Global Forex Broker
 

XM HomePage

XM Real Account

XM SUB Affiliate 


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